Day: July 9, 2020
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The Plunge in Chinese Overseas Lending is a Big Deal. It’s a REALLY Big Deal.
Recent findings by Boston University's Global Development Policy Center that China's two largest policy banks, China Exim Bank and the China Development Bank, sharply curtailed their lending from $75 billion in 2016 to just $4 billion, was a stunning surprise. Long ...
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New Database Provides Fresh Insights Into Chinese Lending Practices Around the World
Yesterday's Financial Times headline that "China's overseas lending collapses" dominated the news about Boston University's pioneering new database that tracks lending by two of China's largest policy banks, China Exim Bank and the China Development Bank.
Reaction to New Data That Reveals “Chinese Overseas Lending Collapse”
Findings from Boston University's new database on Chinese development finance patterns that revealed a "collapse" of overseas lending sparked a lot of conversation online yesterday from leading development economists in the U.S. and Europe. The general consensus among the experts was ...
Peking University Professor: Chinese Loan Losses in Asia and Africa Reinforce Painful Lessons Learned in Venezuela
The following is a transcript of a nine-part Twitter thread posted by the prominent China economist Michael Pettis, a professor at Peking University. As I have been writing since 2011, China’s development lending was always likely to follow the ...
China Strikes Financing Deal With Iraq, Providing New Clue to How Beijing Deals With Major Oil Supplying Countries
The Chinese government is reportedly coming to the rescue of the financially stressed Iraqi government with a $2 billion cash payment for a year's worth of oil at current market prices. The five-year agreement, as reported by Bloomberg, provides fresh insights into how China ...
Wang Yi, China's Foreign Minister and S. Jaishankar, Minister of External Affairs of India
In the space of 24 hours, between Sunday and Monday, the foreign ministers from both China and India laid out their respective governments’ positions on the escalating war in the Middle East. In Beijing, China’s top diplomat, Wang Yi, was unsparing in his criticism of ...
Q&A: Is China Helping or Hindering Africa’s Efforts to Future-proof Food Security?
How to ensure food security on the African continent is a major question for African policy makers, businesses and the international community. A recent report by Mckinsey highlighted that 650–670 million people in Africa, roughly half the population, already face food insecurity with more than 250 ...